Hydrogen Vehicle Market Research Study Tracks Latest Developments and Future Outlook
Global Hydrogen Vehicle market is set to be influenced by a bevy of factors, including COVID-19 impact and broader public-private push toward inducing momentum. In a new comprehensive study, Fact.MR offers in-depth analysis and insights on how Hydrogen Vehicle sales will grow/decline during the forecast period (2021-2031).
In addition to offering quantitative analysis on Hydrogen Vehicle demand, the study also offers readers analysis on key factors that are likely to drive the market. From macroeconomic factors to subtle microeconomic factors, the study analyzes the minutest of details that have the potential to impact Hydrogen Vehicle industry during the assessment period.
The study also offers readers in-depth insights on the key challenges for Hydrogen Vehicle companies during the assessment period. The key challenges faced by OEMs as we as suppliers is also discussed in detail in the study.
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What Big will be the Hydrogen Vehicle Market in 2021?
The study recalibrates the impact of COVID-19 on Hydrogen Vehicle sales, offering an analysis on short-term and long-term forecast. The impact of broader trends in the automotive industry have also been analyzed in the study.
Globally, automotive industry is looking at a period of recovery in 2021, as success with vaccine inoculation has raised the hopes of controlling the pandemic. Many automotive companies are also focusing on increasing exports to countries where the pandemic is less severe.
China, the largest automobile market in the world, is going through a period of ascendancy. The government in China is focusing on boosting infrastructure, whereas consumer sentiment is upbeat after a challenging 2020.
Asia Pacific Hydrogen Vehicle Market Outlook
Asia Pacific emerges out to be at the forefront of hydrogen vehicle production. This can be attributed to the existing industrial production of hydrogen which stands at 25 Mn Tons/ year. Moreover, China sold around ~3,000 FCEVs during the period 2017-2019 poising itself at top of the ladder.
On the other hand, Japan is most dedicated to becoming a leader in the hydrogen market owing to geographic and environmental restriction. For instance, around 3,219 fuel cell cars were sold and leased as of June 2019 in Japan, with plans to deploy around 100 hydrogen-powered vehicles in Olympics 2021.
Moreover, a conglomerate of 11 companies including Nissan and Toyota aim at building 80 hydrogen fuelling station in Japan by 2021. Also with 127 hydrogen fueling stations currently operational, Japan is leading the hydrogen-fuelled vehicles market.
Key Manufacturers and Suppliers of Hydrogen Vehicles
Some of the key prominent players in this industry are
- Ballard Power System
- GM Hydrogenics
- Daimler AG
- FuelCell Energy
After reading the Hydrogen Vehicle Market report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the Hydrogen Vehicle Market
- New research and development projects in new technologies in key regional markets
- Changing revenue share and size of key product segments during the forecast period 2021-2031.
- Technologies and business models with disruptive potential
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